Pivot High

The market is “Ping Pong” sideways…

  I was right this morning about our sideways market but I had to draw in the 1835.75 area of Major Support MS raising it from 1804.  Like I said this morning, the longer we go sideways, the bets are that we will continue lower.  I shorted the high of the day in the ES with 1 contract and I was up about $750 at one point but moved my stop down and I finally covered my short with a nice $460 bucks.  Again, I'm waiting for the 1908 price retracement to sell a CCS or PCS depending on the volatility at this time in the SPY.  FYI - I'm charting the ES but taking my trades on the SPY...


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